COBI 2013 - Community Development Capital Budget

Compendium of Budget Information for the 2013 General Session

Social Services
Appropriations Subcommittee

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Agency: Workforce Services

Line Item: Community Development Capital Budget

Function

The programs in the Community Development Capital budget mitigate the impacts of non-metallic mineral extraction and help fund special service districts. Funding sources for the program are mineral lease royalties returned to the State by the federal government.

Utah is energy rich in coal, hydroelectric, geothermal, natural gas, uranium and crude oil. The energy industry not only includes production of energy fuels, but the conversion of these resources into other forms of energy such as petroleum and electricity. This energy is used in Utah, shipped to other surrounding states, or exported to overseas markets.

In order to help mitigate local impacts of major energy and mineral development on federal lands, the federal government returns half of the royalty revenues collected back to the State of origin. The royalties collected are called mineral lease funds. Because of the prevalence of federal lands in Utah, these impacts are extensive.

Utah puts the revenue into two general fund - restricted accounts. The Mineral Lease Account is general royalty revenue returned to the State. The Mineral Lease Bonus Account originally came from the Department of Interior oil shale prototype leases known as U-a and U-b, located in eastern Utah. Currently, Bonus Revenue includes revenue from lease renewal fees and leases obtained from new mineral development.

Statutory Authority

Statutory authority for the Permanent Community Impact Board is provided in UCA 9-4-301. Statute requires that funds be used for the alleviation of social, economic, and public finance impacts resulting from the development of natural resources in Utah.

Funding Detail

For analysis of current budget requests and discussion of issues related to this budget click here.

Sources of Finance (click linked fund name for more info)	2009 Actual	2010 Actual	2011 Actual	2012 Actual	2013 Approp
GFR - Land Exchange Distribution Account	$0	$0	$0	$305,200	$551,500
Permanent Community Impact	$34,489,500	$47,860,300	$44,517,500	$84,430,900	$69,100,000
Repayments	$0	$0	$0	$0	$34,000,000
Total	$34,489,500	$47,860,300	$44,517,500	$84,736,100	$103,651,500

Programs: (click linked program name to drill-down)	2009 Actual	2010 Actual	2011 Actual	2012 Actual	2013 Approp
Community Impact Board	$34,489,500	$47,860,300	$44,517,500	$84,736,100	$103,651,500
Total	$34,489,500	$47,860,300	$44,517,500	$84,736,100	$103,651,500

Categories of Expenditure (mouse-over category name for definition)	2009 Actual	2010 Actual	2011 Actual	2012 Actual	2013 Approp
Transfers	$34,489,500	$47,860,300	$44,517,500	$84,736,100	$103,651,500
Total	$34,489,500	$47,860,300	$44,517,500	$84,736,100	$103,651,500

Subcommittee Table of Contents

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COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.